4 months on rocket

Sale Pending

521 Drury Ln, Punta Gorda, FL, 33950

$1,300,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
7 Baths
3,818 SqFt
$340/SqFt
Multi
Schools Nearby

Location

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521 Drury Ln, Punta Gorda$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCommon, Driveway
Year Built1956
HeatingWindow Unit(s)
CoolingZoned, Wall/Window Unit(s)
Private PoolYes
MLS #T3494229
Lot Size0.57 Acres
StatusSale Pending
(Pending)

About 521 Drury Ln

Under contract-accepting backup offers. Have you been seeking a profitable real estate investment opportunity in the extremely popular and trendy city of Punta Gorda? Majestically nestled on a 0.57-acre lot just 3-miles from Downtown Punta Gorda, this 7-unit paradise provides guests an unforgettable experience with delightful onsite amenities and ultra-comfortable accommodations. Boasting a gross revenue of approximately $265,000 in 2023, the property also offers an impressive 12.68% cap rate for those seeking an above-average ROI. Thoughtfully fashioned for the utmost tranquility, the grounds express an organically flowing vibe with gorgeous new tropical landscaping (2022), heated pool (new heater, pumps, filter, and housing-2022/2023), blissful gazebo, hammocks, a meditation area, soothing hot tubs, and several decks. Three buildings encompass 7 rental units, which each have a unique layout and appealing aesthetic. Two units, Guava Bungalow and Papaya Bungalow, each sleep four and include a kitchen, two bedrooms (total 4 twin beds), and a modern full bathroom. Two other units, Orange Bungalow and Coconut Bungalow, both sleep three and have a kitchen, 2+ twin beds/sofa beds, and a full bathroom, while one unit also has a private hot tub and deck. Three units, Avocado Bungalow, Grapefruit Bungalow, and Mango Bungalow, each sleep 2 and feature 2 twin beds (convert to King), a full kitchen, and a chic full bathroom, while one unit also boasts a jetted soaking tub. In addition, the property has a plethora of updates including fresh paint (2022), new deck (2022), new main house roof (2022), new duplex house roof (2022), new Chickee Hut wiring (2022), new flooring (2022), new septic pump/wiring (2022), new fence panels (2022), new window A/C (2022), and new W/D (2023). Residents will appreciate the outstanding proximity to desirable conveniences, such as artistic venues, boutique shopping, world-class dining, and I-75. Get the coveted financial advantage of this rarely-available property, and call now for a tour!

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Living Area: 3,818 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS SOUTH TAMPA
  • Office Phone: (813) 875-3700
  • Listing Agent: Johnny Huynh

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans(s)

Bedroom and Bathroom Information:

  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Balcony, Fence, Garden, Outdoor Grill, Outdoor Shower, Rain Gutters, Storage

Parking Information:

  • Parking: Common, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.57 Acres

Utilities

Utilities Information:

  • Heating: Window Unit(s)
  • Cooling: Zoned, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Charlotte High School, Public District Grades 9-12
  • Punta Gorda Middle School, Public District Grades 6-8
  • East Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I-75 South. West on SR 17. Right on Marlympia Way. Right on Marion Ave. Right on Drury Lane.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $340/SqFt

Tax Information:

  • Annual Amount: $7,885
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Punta Gorda, FL.

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Punta Gorda, FL

City

Med. Sold Price

$377.2K

Med. Price/SqFt

$227

Avg. Days On Market

85

# of Sold Homes

318

521 Drury Ln vs Punta Gorda

121 DAYS ON ROCKET

+36 Days

$1,300,000

+$922.7K More

$340/SqFt

+$113 More

KEY TAKEAWAY

This property is $922.7K more than the Median Sold Price and $113/SqFt more than other homes in Punta Gorda, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #T3494229

Listing Office:

  • Office Name: KELLER WILLIAMS SOUTH TAMPA
  • Office Phone: (813) 875-3700
  • Listing Agent: Johnny Huynh

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 11:49:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 16, 2015Home Sold
$45,000
May 05, 2003Home Sold
$120,000
Oct 05, 1999Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,885$261,371
2019$7,019$265,125
2018$7,019$261,233
2017$6,023$189,448

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4546493
7
/10

  • East Elementary School

  • 27050 Fairway Dr

  • 1.51 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4546494
3
/10

  • Punta Gorda Middle School

  • 1001 Education Ave

  • 1.03 miles

  • Public District Grades 6-8

High School

school-card-donut-4546495
4
/10

  • Charlotte High School

  • 1250 Cooper St

  • 1.12 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,023. Typical income of Punta Gorda, FL residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Charlotte County›Punta Gorda›33950›521 Drury Ln

This home is located at 521 Drury Ln in Punta Gorda, FL and zip code 33950. This 3,818 square foot home, which was built in 1956, sits on a 0.57 acre lot. Features: 9 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 01, 2024 and is currently priced at $1,300,000.

In April 2024, from all listings sold in Punta Gorda, FL there were more than 16 sold above asking price, over 250 sold below and more than 52 were sold right at the asked price. The number of listings in Punta Gorda, FL increased by 2.1% between March 2024 and April 2024. In April 2024, listings were on the market for 85 days. During the same period, the median list price in this real estate market was $377,222.

From Rocket Homes Real Estate and based on county public records data.

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